$SHELL /USDT – Slipping Toward Key Support Zones, Bears in Control
SHELL is under steady bearish pressure, dipping as much as -7.85% in the last 24 hours. The price action shows continued weakness, with the coin struggling to find strong buying momentum. A further slide toward key support levels looks likely.
Market Snapshot:
24h High: $0.1337
24h Low: $0.1217
Current Price: ~$0.1220
Immediate Resistance: $0.1250
Support Zones: $0.1200 → $0.1192 → $0.1150
Trade Setup (Short Bias):
Entry Zone: $0.1230 – $0.1260
Target 1: $0.1200
Target 2: $0.1192
Target 3: $0.1180
Stop Loss: Above $0.1337
The trend is currently favoring sellers. Watch for a break below $0.1200 to confirm further downside. Caution is key, and dip buyers should look for strong reversal signals before entry. Momentum is weak, and quick scalps may be more favorable here.